That’s the ponit same pay as 40 hr for 32 hr. . Better work/life balanced. I know it will not matter to you as you pick your hrs but there are a ton of people that are not that lucky… if they whant to work 40 nothing is stopping them the company will just have to pay 8hrs of overtime.
The answer is more workers…
Would love to reduce the number of hours worked while retaining same comp. However, I don’t think more workers is a viable solution, because that’d imply companies eating the 20% extra cost. Whether or not they can get it through shareholders and the board aside, fact that the amount of working aged adults are shrinking (due to boomers retiring and lesser children in later generations) makes it much harder to add more head counts. There must be ways to improve efficiency without corporate/shareholder greed, and that’s a tough pill for the world to swallow without very drastic changes (UBI for example).
But there it is… if the top took a hiar cut that would cover it. Lower entrance requirements to get the job… means more eligible works… it’s a tuff one yes. Is there enuff workers maybe. But it’s worth a try.
I’m stuck in middle management, and have many middle and senior management peers, so I see both sides of the arguments here getting pushed back hard. I cannot begin to imagine the top willing to take a cut, there’s no benefit for them what so ever. Anything lower tries to justify will just be brushed off. On the flip side, I definitely do not want to reduce entrance requirements… bad hires hurts my team’s performance in non linear fashion.
If meaningful changes were to happen, it would have to be mandated by laws and regulations, but I don’t see a path for those laws and regulations to change without drastic societal changes that would support such.
We already have a worker shortage. So no the answer isn’t more workers.
My gf is salary and works 50 hours a week. Four days a week means she’s working 12-13 hour days. She doesn’t want that.
We don’t have a worker shortage we have a shortage of well paying jobs. If companies pay better than people will take the jobs… and that sucks she has to work so much has they try hiring at better wages or you know she could say no…
I agree some of what you’ve said in this threat, but we 100% have a worker shortage. I work in healthcare and there just aren’t people out there with the qualifications we need. There are not enough doctors or nurses in the US. The govt funds a lot of healthcare education (nursing and medical schools). The govt isn’t expanding slots and schools often can’t find teachers anyway (for nursing anyway, not docs as much).
The answer is obviously immigration, but that’s an ethical issue in healthcare. Bringing in people who want to be nurses and docs usually means taking them from developing nations. As the US population gets older and we have fewer young people, we just won’t have enough people working in healthcare.
We have a worker shortage. Look at the unemployment rate. I think last time I looked it was 3.2 which means we can’t fill jobs. Companies pay well enough. We have jobs that pay about 300k and we get very few applications because is the shortage. It’s well known there is a cybersecurity shortage, nursing as well.
Not EVERYONE on salary is exempt from overtime pay.
https://www.dol.gov/agencies/whd/fact-sheets/17d-overtime-professional
Also, drivers and farmers are exempt from overtime pay, but you should check it out. Salaried overtime pay is a HUGE point of wage theft.
That is true but I’ve never worked a salary job with overtime. I also agree it should be more of a thing. I’m not a fan of companies working people 60-80 hours a week because they are “salary”. That was never the intent for salary. This bill as stated will never pass. I’m not sure Bernie has ever really got any bills to pass.
